- Popcat, a meme coin headquartered in Solana, experienced a 30%+ surge, making it the top-performing coin following Binance’s significant listing announcement.
Popcat, a meme coin with a cat motif, reached a peak of $0.58 on August 22. This Solana joke coin saw rises after the cryptocurrency market reacted to Binance Futures launching a perpetual contract for POPCAT. The notice from the exchange states that the bonuses allow traders to use up to 75 times leverage.
The USD-Margined Popcat perpetual contract’s listing, according to Binance, increases the number of trading choices available on Binance Futures. Along with improving overall trading experience, POPCATUSDT perps will go live on the platform on August 22, 2024, at 13:00 UTC.
Whale sells SOL to purchase POPCAT
The Solana meme coin, which rose from lows of $0.43, seems to have benefited further from the listing. Notably, the gains came about as a result of a whale taking out over 39,800 SOL from Binance and using that money to purchase POPCAT.
Lookonchain claims that 39,816 SOL tokens worth more than $5.73 million are involved in the insane purchase of $POPCAT. The whale took the money and spent it on ten million POPCAT.
Additionally, SUN token rises on Binance listing
Apart from Popcat, Sun (SUN) was the most performing token out of the 500 largest cryptocurrencies by market capitalization at the time of writing. Driven by new meme coin enthusiasm on the launch site SunPump, the TRON platform token surged amid significant changes for TRX.
On August 21, the SunPump network’s daily revenue topped that of Pump.fun, situated in Solana. As TRON’s creator Justin Sun actively promoted SunPump’s potential, the company’s revenue also reached a record high.
Notably, Binance Futures’ launch of the SUNUSDT perpetual contract with up to 75x leverage coincided with the SUN token’s 35% 24-hour increase. Following their listing on Binance Futures, the prices of other tokens, such as Brett, Voxel, and Synapse, significantly increased.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
